The Enforcement Directorate (ED) has made another arrest in the unfolding bogus bank guarantee scandal involving Reliance NU BESS Ltd., marking a significant development in the case. Amar Nath Dutta's detention comes after the arrests of Ashok Pal and Partha Sarathi Biswal, as the ED intensifies its investigation into the fraudulent scheme that allegedly cost the Solar Energy Corporation of India (SECI) more than Rs 100 crore.

Dutta appeared before a special court, where the ED secured a four-day custodial remand for further questioning. The case revolves around the submission of fake bank guarantees to SECI, causing substantial financial damage. Investigators are tracing the money trail and scrutinizing the involvement of various parties in the fraudulent activity.

SECI discovered that

See Full Page